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These Small Bitcoin Wallets Are Waking Up After 13 Years Of Inactivity!

Fri 11 Oct 2024 ▪ 3 min read ▪ by Luc Jose A.
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The inaction in recent hours of the major Bitcoin whales is both intriguing and concerning. While these historical investors, holders of their assets for more than seven years, have not made any significant moves, speculation about their next action is mounting. Meanwhile, some small Bitcoin addresses, inactive for more than a decade, are beginning to show signs of activity.

Un paysage financier numérique où des baleines géantes, faites de lignes de code et de chiffres, flottent paisiblement dans une mer sombre, immobiles sous une pleine lune qui éclaire légèrement le ciel. En arrière-plan, des petits coffres-forts symbolisant de petites adresses Bitcoin commencent à s'ouvrir, laissant échapper une lueur dorée. L'atmosphère est à la fois calme et mystérieuse, évoquant une attente incertaine.

The inertia of historical whales despite market uncertainties

According to the analysis conducted by Ki Young Ju, founder of CryptoQuant, the Bitcoin whales who have held their assets for more than seven years remain “inert.” “No significant transactions have been recorded on exchange platforms, indicating that these investors might be waiting for more favorable market conditions,” he explains. Indeed, despite the volatility that has rocked Bitcoin in recent months, these whales seem to have chosen to maintain their position without liquidating their assets.

This inaction contrasts sharply with previous cycles, notably those of 2017 and 2021, where the movements of these large Bitcoin addresses coincided with market surges. At the time, each move to exchange platforms sparked waves of anticipation among investors. This calm currently leads to speculation about the next major move that could disrupt the crypto market.

Signs of awakening of small Bitcoin addresses

While the large historical whales remain silent, some small Bitcoin addresses, inactive for more than a decade, are showing signs of awakening. Whale Alert has documented five wallet reactivations, including one with 121 BTC, inactive for over 13 years. These addresses, whose activity dates back to the early days of Bitcoin, are now moving millions of dollars worth of assets, despite their past inactivity.

The reactivations, although modest compared to large holders, signal that some historical investors are reassessing their strategy. While they do not yet cause major market movements, they could serve as early indicators of upcoming actions. In this context, the evolution of these small addresses becomes a factor to closely monitor, as their reactivation might precede a return to activity among the large whales.

While the large Bitcoin whales remain inactive, the new reactivations of small wallets suggest potential changes in the behavior of historical investors. Although these movements are still limited, they show the need to closely monitor the evolution of these wallets.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.